The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-15
CONDITION OF THE MARKETS.
Wheat Dull and Weak, the Principal
Cause Being Very Heavy Offerings.
Moderate Trading in Corn, the Market Gener-
ally Ruling Qniet-Oats Easier but Firm
No Movement in Provisions.
MONEY, BONDS AND STOCKS.

Moderately Active Market, Accompanied
by Slightly Lower Prices.
NEW YORK, March 14-Money on call was
easy at 81 10 per cent. the last loan being made
ut 81, closing at 304
Prime mercantile paper 5a per cent.
Sterling exchange was weak at 81 "a for sixty
day bills and ST. 81 for demand
The total sales of stocks to-day were sol ,270
shares, including the following: Canada South
,rn, $500; Delaware, Lackawanna & Western,
1880; Erie, 81, 525; Hooking Valley, H. III:
Kansas g. Texas, f. 725; Lake Shore 20, 1913;
Louisville & Nashville, 5000; Northwestern,
g. ESQ; New Jersey Central, 1908; Reading. 49,.
300; St Paul, 1865; Union Pacific, "a, 376, West
ern Union, 20 $50.
The new week opened on the Stock Exchange
with moderately active and weak market, with
r. more general distribution of the business and
interest than has been seen for some time.
There was marked disposition to buy shown
by the foreign houses early in the day, but the
pressure of stock for sale and the persistent
hammering by the bears" soon became too
much for the weak support given to prices and
decline which affected the entire list followed
The general feeling was Mixed. but the wait
Ing policy of the advocates of higher prices gave
tha bears an opportunity to raid the entire
list. The market displayed considerable fever
lshness, but became decidedly weak
throughout, while the B. g. O. deal still con-
The weakness displayed and the rumors circu-
. lated in regard to Hooking Valley became
\kreat factor in creating bearish temper. The
|tories circulated to the effect that the
eompany is in serious financial difficulty, and
that q default is probable at the next interest
payment on the skies. There was considerable
talk, also, of o receiyership. Richmond 81 West
Point was next in order of weakness, there be-
ing very sharp pressure to sell in that stock.
; The general list sympathized closely, although
Its movements were not so wide. The opening
tAis morning was decidedly strong, and
the advance over Saturdays final
There were further small gains in the early
trading. but before the end of the first fifteen
minutes the entire market declining under
the lead of Hooking Valley. Richmond 81 West
there period of dullness, bat the pressure
was renewed, and the declining tendency
continued until p NJ. After that time there
was fractional rally, which was followed, in
turn by the loss of the small gains recorded.
The last hour showed much better feeling,
and the close was quiet but firm at small frac-
tons better than the lowest OF the day. The
entire active list is lower this evening, though
the losses for fractional amounts only, ex-
cept for Hooking Valley. which is off Al, and
Texas Pacific per cent, while Morris d Essex
was exceptional in showing gain of II per
cent.
Railroad bonds sympathized very closely with
Shares, and the market was dull and heavy to
weak throughout the Gay. Ssies to-day agefe,
gated 1864, 900. Hooking Valley Issues were the
only special features, and while the trading in
them comparatively light, the general skies
! are per cent lower, a: 70, ard consos 4. at 76,
after selling at rs. Other important declines
comprise Baltimore & Ohio fives, q, at 10; Utah
Southern extension frsts declined q, at 81;
Texas Pacific income trust receipts, q, at II;
Mobile 81 Ohio first debentures 2. to e.
Government bonds were dull and steady.
State bonds were dull but firm. Closing quo
tations were: